Electric vehicle giant Tesla (TSLA) recently revealed a surprising win: it had landed the highest daily sales figure it had ever seen in the second quarter. The bigger surprise of that win was just where it occurred: Norway. Yes, Teslas are a big deal in Norway right now, with 270 of them sold in one day. Investors were pleased, if only in a limited fashion, and sent shares up fractionally in Thursday afternoon’s trading.
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Of the 270 electric vehicles sold that day, noted one report, 260 of them were Model Y Teslas. And, the reports suggest, the pace at which Tesla is reaching 200-unit sales days is starting to pick up. In both the first quarter of 2026, and the second quarter of 2025, 200-unit sales days did not hit until the last days of the quarter’s second month. The 200-unit sales day here hit closer to the middle of the second month.
And the Tesla itself is still proving a valuable part of the market throughout Norway. The Model Y and Model 3 were the best-selling models in Norway, with the Volvo (VLVLY) EX40 coming in at third place. And with Full Self-Driving (Supervised) clearing regulatory hoops in Norway, the chances of improved sales in the country are likely to show up.
Not Baked In
There is also some room for Tesla to grow in other ways. The recent pre-IPO S-1 filing from Tesla mentioned a couple names that do not get a lot of airplay these days. One of these names is Terafab, Tesla’s chip fabrication system it is getting together with Intel (INTC). The second is Macrohard, which is a software platform built on an agentic AI system.
These two are still in early days yet, which means their true value to Tesla overall is largely unknown. But based on what we do know, we know that these could be very big additions to Tesla’s operations. Terafab is about to produce chips in the midst of a chip shortage. Even if it only produces them for internal use, that is a hefty cost savings. And depending on what Macrohard actually does, it could be a winner that many people put to use with subscription fees to follow.
Is Tesla a Buy, Hold or Sell?
Turning to Wall Street, analysts have a Hold consensus rating on TSLA stock based on 12 Buys, 12 Holds, and five Sells assigned in the past three months, as indicated by the graphic below. After a 22.35% rally in its share price over the past year, the average TSLA price target of $403.86 per share implies 3.38% downside risk.
